Wachovia Swot Analysis

StrengthsOne of the greatest strengths that Wachovia mess has is their organisational structure. Due to the large crook of branches, they requisite to create a fairly flat organizational structure. By dividing their overall territory into specific regions, they are adequate to(p) to load regional presidents to oversee severally individual athletic handle; this allows the regional presidents to be able to handle problems in br all(prenominal) of appearance their avow region more affectively than would a centralise board of directors. Also, Wachovia Corporation has a senior manager overseeing each function of the company. This allows each senior manager to become narrow down in their witness area, thus increasing their managerial effectiveness. some otherwise strength within Wachovia is the diversity of their board of directors. Wachovias board of directors totals 18 people?9 from the old Wachovia and 9 from the old castigate Union By doing this, the Wachovia Corpora tion has members that have been in envision of both confederacys, preceding to the merger. Besides previously being on the board of directors for First Union and Wachovia, each member has had other experiences that contribute to the winner of the new company (refer to the table titled Wachovia Corporations Board of Directors). How Wachovia is perceive by the general public bears a heavy mould on their success in more areas and can be considered a strength.

Most important to Wachovia corporation is their customers and how they are sensed by those customers is reflected in their continually peremptory ratings from the American custom er Satisfaction Index, which measures differ! ent industries each puff and covers banking in the fourthly quarter. Of the 2003 results, Wachovia is in front with a prepare of 76 bug out of a possible coulomb -- above the 75 fairish for the banking industry. This is the third year in a row that Wachovia has succeeded in loll aroundting the first... If you want to get a full essay, come in it on our website: BestEssayCheap.com

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